Foreign investors may bring cheer to elderly care sector

New measures to build service system covering urban and rural areas by 2022

China is pledging to further open up the elderly care market for overseas investors, to better meet challenges brought by an aging population.

The National Development and Reform Commission and 17 other government departments, recently rolled out a new plan to fully open up the senior care market, encouraging foreign capital to invest in and set up care homes in the country while offering them preferential policies equivalent to those benefiting domestic players.